The Transport Ministry is planning to issue a global tender to set up an electric signaling system on the 170 km Tanta-Damietta railway, General Manager of Strategy and Investment Projects at the Egyptian National Railways, Mohamed Mahmoud, tells Al Mal. The project is expected to cost USD 170 mn, at a rate of USD 1 mn per km, and will be funded through a loan the ENR arranged with the Kuwait Fund for Arab Economic Development. Mahmoud said he expects the project to take three years to implement.

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